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Which of the following statements is CORRECT?
Obsolete Information
Information that is no longer relevant or useful due to changes in technology, knowledge, or societal norms.
Truth In Lending Act
A U.S. law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.
Terminate Credit Plan
The process of ending a credit agreement, closing the account, and settling any outstanding debts.
Home Equity Loan
A type of loan in which the borrower uses the equity of their home as collateral.
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